Meridian Holdings Inc./NV

Meridian Holdings Inc. announced that its subsidiary, Meridianbet, has been named the Official Sponsor of UFC Fight Night Serbia. This mixed martial arts event, produced by the Ultimate Fighting Championship (UFC), is scheduled for August 1, 2026, at Belgrade Arena and marks the first time UFC will hold an event in Serbia. Meridianbet will be the exclusive sports-betting sponsor, gaining significant branding and visibility across various platforms, aligning with its 25th anniversary in the Serbian market and its strategy to build global brand recognition.

Meridian Holdings Inc. announced that its subsidiary, Meridianbet, has been named the Official Partner and exclusive sports-betting sponsor for UFC Fight Night Serbia. This event, scheduled for August 1, 2026, at Belgrade Arena, marks the first time UFC will hold an event in Serbia. The partnership aims to enhance Meridianbet's global visibility, coinciding with the company's 25th anniversary since its founding in Serbia.

Meridian Holdings Inc. announced that its subsidiary, Expanse Studios, has signed a strategic distribution agreement with MaxBet, a leading Serbian omni-channel gaming operator and a subsidiary of Flutter Entertainment plc. This partnership significantly expands Expanse Studios' reach in the Serbian market, where its gaming titles are already live. The agreement is expected to capitalize on the rising demand for localized content in a market projected to grow to $186 million by 2029, with MaxBet holding a substantial 15-20% online market share.

Meridian Holdings Inc. announced a strategic partnership with former football player Dejan Petković, who will serve as the company's Global Brand Ambassador. As part of the agreement, Petković will launch Pet TV, a new multimedia content platform focused on sport, culture, and entertainment, with Meridianbet, Meridian Holdings' largest subsidiary, as its founding strategic partner. This initiative aims to expand Meridian's brand presence into lifestyle and entertainment content, particularly in Brazil. The announcement follows Meridian Holdings' strongest quarter on record, with Q1 2026 revenue up 17% to $50.1 million and a return to GAAP profitability with net income of $2.2 million.

Meridian Holdings Inc. (MRDN) completed a 1-for-12 reverse stock split and changed its name to Meridian Holdings Inc., both effective March 3, 2026. The company filed an amendment to its 2025 Form 10-K to include previously omitted Part III disclosures, covering directors, executive officers, corporate governance, executive compensation, security ownership, related transactions, and principal accountant fees. As of April 30, 2026, 12,669,479 common shares were outstanding post-split. The filing also detailed current executive officers, including William Scott as Interim CEO and Richard Christensen as CFO, and the Board of Directors structure.

Meridian Holdings Inc. reported strong Q1 2026 financial results, achieving GAAP profitability for the first time under the Meridian Holdings brand with a net income of $2.2 million. Revenue increased 17% year-over-year to $50.1 million, in line with guidance, while Adjusted EBITDA rose 26% to $6.3 million, exceeding targets. The company also significantly strengthened its balance sheet, reducing net debt by 62% year-over-year to $13.4 million and achieving a net debt leverage of 0.53x. Meridianbet Group revenue grew 26% YoY, and the company issued Q2 2026 revenue guidance of $51 million to $53 million.

Meridian Holdings Inc. reported a significant turnaround in Q1 2026, with revenues increasing by 17.3% to $50.1 million and net income attributable to MRDN reaching $2.26 million, compared to a loss in the prior year. Basic EPS improved to $0.18 from a loss of $0.02. The company also completed a 1-for-12 reverse stock split and changed its name to Meridian Holdings Inc., effective March 3, 2026.